All Forum Posts by: Armando Leon

I live in Southern California where I own a couple of investment properties; now I'm interested on starting to invest in Arizona. I'm already pre-approved and looking for opportunities, which is where I'm kind of stuck as I don't have the contacts in the state. I would appreciate any feedback on how to start putting together my team and/or any recommendations on your experience. TIA

Pull up Zillow, then you can pull up agents that are doing 30+ deals a year and start calling them. When you get them on the phone setup a time to do a zoom call, see how they do business, who the connections are they have, and if you get to know them through those conversations and feel good go meet them in person. This would build a great team and build up the people out there and around you out there (even with you not being there). That builds a great team and gives you a ton of trust with those people, and you trust them by building it that way.

Hi Peter,
I will start looking in Zillow for agents as you mentioned. Thank you for the advise!

0 Votes

San Diego, California

Quote from @Noah Corwick:

Hi Armando,

If you are looking to flip in the heart of PHX, a $250k-$300k purchase price budget would likely get you a condo or townhouse. If you look outside of the greater PHX area, that could open up to possibly a SFH.

Obviously you'll have more restrictions on the condo/townhouse side rehabbing, so thought I'd call that out so that you can plan accordingly.

Best of luck!

Hi Noah,

So far that's what I have noticed about the more affordable areas around AZ. Im open to do a condo/townhouse outside of the greater PHX area as you mentioned while I get more experience. Thank you for your advise!

0 Votes

San Diego, California

Quote from @Golan Corshidi:

Hey Andres!

I'm down to meet up. I've been looking into investing out of state as well. Let me know if you want to plan something. I could ask others to join too.

Hi Andres, Golan. I live in San Diego and Im also looking to start investing out of state with little to no experience. Let me know if you plan to meet and I will join too. Thanks!

2 Votes

San Diego, California

Quote from @Account Closed:

Quote from @Armando Leon:

We do a fair amount of investing in Arizona and it's been good to us. We have three on the books right now that we will be passing on to investors. What kind of property are you looking for?

Hi Mike, thank you for the reply. I would like to start with a small flip or rehab, preferably between 250-300K purchase price, while I get more seasoned and rise more capital.

Please let me know if you'd have something that could be a good fit.

Thank you again.

0 Votes

San Diego, California

1 Vote

San Diego, California

Hi, Im in the process of having a HELOC opened on my primary residence (Property #1). My plan is to move out in a couple of months to turn my primary residence into an investment property and use the HELOC for downpayment for my next primary residence (Property #2). Question, would I have any issues on doing that, considering the HELOC was applied on a primary residence (#1)? I already talk with the HELOC agent and for them it wouldn't be an issue as long as I don't sell my first property (#1); but speaking with my mortgage lender (for property #2) they told me I wont be able to get a primary residence home if I have that HELOC (primary residence terms) opened for less than 1 year.

Any thoughts on this?

Thank you in advance

1 Vote

San Diego, California

Hi, I would appreciate some of your wisdom to make my next step. I have a Condo (first own property) that I bought through a conventional loan, lived there for 2 years and now I'm ready to start renting it. For my next property, I would like to do it on a different way, without having to live in the unit. Do you recommend using a HELOC for the down payment of my next property? (Trying not to use any cash). Thank you in advance

0 Votes

San Diego, California

All Forum Posts by: Armando Leon

Armando Leon has started 3 posts and replied 7 times.

Post: Flipping and Rehabbing in Arizona

Post: Flipping and Rehabbing in Arizona

Post: Looking to meet other investors located in Southern CA (LA/SD)

Post: Flipping and Rehabbing in Arizona

Post: Flipping and Rehabbing in Arizona

Post: Primary residence HELOC for a new primary residence down payment

Post: Next Move Strategy

Armando Leon has started 3 posts and replied 7 times.

Biggerpockets Logo Post: Flipping and Rehabbing in Arizona

Biggerpockets Logo Post: Flipping and Rehabbing in Arizona

Biggerpockets Logo Post: Looking to meet other investors located in Southern CA (LA/SD)

Biggerpockets Logo Post: Flipping and Rehabbing in Arizona

Biggerpockets Logo Post: Flipping and Rehabbing in Arizona

Biggerpockets Logo Post: Primary residence HELOC for a new primary residence down payment

Biggerpockets Logo Post: Next Move Strategy

Post: Flipping and Rehabbing in Arizona

Post: Flipping and Rehabbing in Arizona

Post: Looking to meet other investors located in Southern CA (LA/SD)

Post: Flipping and Rehabbing in Arizona

Post: Flipping and Rehabbing in Arizona

Post: Primary residence HELOC for a new primary residence down payment

Post: Next Move Strategy